Binary 8 Scam Test

Binary 8 Scam Test

Binary 8 is one of the youngest brokerage companies on the market (founded in 2014), but it has already gained a lot of attention in the binary options world. It has become famous among traders because of its high safety standards, great education possibilities and many other trading options they offer. When we noticed that they already have many clients who trade with them and are obviously very satisfied with the broker, we decided to conduct a Binary 8 scam test to see what’s going on and to make sure Binary 8 isn’t a scam. We will divide this text in a few different sections, so that you can easily access the part that interests you, but do read our honest Binary 8 scam test to the end and see for yourself if this broker is legit or not.

Binary 8 Scam Test | Deposit

Every trader wants to know that their broker’s main mechanisms of money transfers work well and without any hiccups. In the case of Binary 8, we had no troubles depositing our funds, and the money arrived safely to our accounts every time. Binary 8 accepts a great number of cards: Diners, MasterCard, Visa and Visa Electron, Maestro, Solo and JCB, but please keep in mind that your credit card account has to support international transactions. Another great thing is that if you use a credit/debit card, your deposit will be processed in just a few moments. If you use a wire transfer, the estimated time of transaction is 3-10 business days. Alternative payment methods, such as CashU and Skrill, are available only in certain regions, and you will soon have WebMoney service at your disposal to deposit your funds. It’s good to know that there are no extra fees charged by Binary 8 for depositing money into your trading account and that all transactions are encrypted by SSL. We should also mention that Binary 8 Minimum Deposit is just $250, but you can read more about that and the types of accounts this broker has to offer (3 types and a free demo!) in our Binary 8 Review.

Binary 8 Deposit Page

Binary 8 Scam Test | Withdrawal

As for the withdrawal process, you can take any amount of your money from your account whenever you want, and all you have to do is login and visit the withdrawal request area. SSL protection still applies, so you don’t have to worry about the safety of your information. Generally speaking, Binary 8 Complaints are quite rare. Once you submit the request, it will be sent to the broker’s banking team for a review and you will always be able to see the status of your withdrawal in the balance history section of your account. Your funds will be sent to you within 3-10 business days from the date your request has been approved. If you will need any kind of assistance or support while withdrawing your money, you can always contact Binary 8 customer support: they are very helpful and very well trained, so we are sure they will help you no matter which problem you might have.

We will continue our Binary 8 scam test with some safety features every trader has to be aware of, so stay with us!

Binary 8 Withdrawal Page

Binary 8 Scam Test | Safety Standards

As we have already written in this Binary 8 scam test, all transactions are encrypted by a secure SSL (Secure Socket Layer) system in order to ensure the privacy of all clients. The same applies to the data you share with the broker, so you can be sure nobody will abuse your private information. All financial transactions are processed by a PCI Level 1 certified service provider of international payments. PCI stands for Payment Card Industry, and it is a ranking of merchant transactions per year ranges broken down into four levels. That means that Binary 8 has to follow rigid financial rules and submit reports, such as Annual Report on Compliance by Qualified Security Assessor and Quarterly network scan by Approved Scan Vendor. All that assures us that Binary 8 is a completely legit broker and that trading with them is exceptionally safe

It’s also good to know that your money is held in safe and highly rated banks and in accounts that are segregated from the ones the broker uses, another feature that prevents Binary 8 scam.

Binary 8 Scam Test | Trading Options

In this paragraph of Binary 8 scam test we will say something about the trading possibilities Binary 8 offers. The logic is simple: if a broker offers more options to its clients to win trades and make money and has developed a serious infrastructure to make this happen, it is less likely that it will take your money and simply leave. When you’re trading with Binary 8, you have many trading possibilities to choose from, indeed. There is, for example, the above/below trading mode which is usually used when the prices are extremely volatile and some excessive and exaggerated market movements occur. Traders need to predict if an asset’s price will finish above or below the high or low strike price line. In touch trading a trader should predict if the price of an asset will at any point during the trade time touch higher or lower strike price. Then there’s also no touch trading, where you have to predict if an asset’s price will not touch a given low or high strike price.

Binary 8 Trading Platform

In this Binary 8 scam test we highlighted just a few possibilities, and it’s up to you to discover other options and earn even more profit. Explore and you will be rewarded!

Binary 8 Scam Test | Conclusion

At the end of our Binary 8 scam test, we can conclude that this broker is more than legit. You have to be pretty silly not to take advantage of the options Binary 8 offers. There are many ways of trading for you to choose from and we are sure you will find the one that suits you best. If you are a novice, there are always great webinars you can attend for free and an even better support team which will help you whenever you need. We tried everything on our own and we never had a single problem during our trades and no issues with deposit and withdrawal processes. Binary 8 scam is definitely not a going to happen here and the broker has our sincerest recommendation. Don’t waste any more time – open an account here and start trading.

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